A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments, and other assets. Some benefits of mutual funds are: allow people to invest for both near-and long-term needs and Investments across multiple sectors so your money is diversified. Let us assist you with your path to achieve your financial goals. Learn more today.
An exchange-traded fund (ETF) is a collection of securities—such as stocks—that tracks an underlying index. The best-known example is the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can contain many types of investments, including stocks, commodities, bonds, or a mixture of investment types. An exchange-traded fund is a marketable security, meaning it has an associated price that allows it to be easily bought and sold. Request a quote today
An annuity is a financial product that pays out a fixed stream of payments to an individual, primarily used as an income stream for retirees. Annuities are created and sold by financial institutions, which accept and invest funds from individuals and then, upon annuitization, issue a stream of payments at a later point in time. The period of time when an annuity is being funded and before payouts begin is referred to as the accumulation phase. Once payments commence, the contract is in the annuitization phase. Request a quote today.
A 529 plan is a tax-advantaged savings plan designed to help pay for education. Originally designed to pay post-secondary education costs, it was expanded to also cover K-12 education under the Tax Cuts and Jobs Act. There are two major types, prepaid tuition plans and savings plans. Prepaid tuition plans allow the plan holder to pay in advance for the beneficiary's tuition and fees at designated institutions. Savings plans are tax-advantaged investment vehicles, similar to IRAs. Request a quote today.
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